HERE WE GO AGAIN

The OIH is the big ETF mover of the day as it is again bumping up close to its 50 day SMA. That would be right at 142.5 and now we trade at the 141 area. The last time it hit the 50 day it immediately sold off back to the 135 area. Again, that 135 area looks like a good area to sell, sell short or sell calls. This time however, remember to sell puts when it gets back down to the support area (133/135). That has been the easy trade.